- Title: Huawei breaks price ceiling with $2,600 folding 5G smartphone
- Date: 24th February 2019
- Summary: BARCELONA, SPAIN (FEBRUARY 24, 2019) (REUTERS) ++NIGHT PICTURES++ EGGS BEING THROWN AT LINE OF CATALAN RIOT POLICE EGG SMASHED ON THE GROUND POLICE HELMET SPLASHED WITH PAINT CATALAN SEPARATIST PROTESTERS FACING POLICE PROTESTERS ON STAIRWAY OF VENUE WHERE KING FELIPE'S EVENT TAKES PLACE PROTESTERS SHOUTING AT POLICE LINE ++DAYLIGHT PICTURES++ PROTESTERS MARCHING WITH BANN
- Embargoed: 10th March 2019 15:20
- Keywords: cell phone foldable Mate X technology Barcelona tech trade fair mobile phones Huawei foldable mobile Mobile World Congress smartphone
- Location: BARCELONA, SPAIN
- City: BARCELONA, SPAIN
- Country: Spain
- Topics: Company News Markets,Economic Events
- Reuters ID: LVA003A2XXLJB
- Aspect Ratio: 16:9
- Story Text: Huawei Technologies unveiled a $2,600 (2299 euros) folding smartphone on Sunday (February 24) which it said was primed for next generation 5G mobile connections, even as the United States campaigns to bar the Chinese company from such networks over security concerns.
Huawei, the world's third-largest smartphone vendor after Samsung, said it had taken the lead on developing phones for 5G - which promise super fast internet speeds for consumers and businesses - because it was also involved in developing the networks.
Speaking ahead of the mobile industry's biggest global event, which kicks off on Monday in Barcelona, Yu said the Huawei Mate X will have two back-to-back screens which unfold to become an eight-inch tablet display.
Yu said the Mate X would be able to download a 1 gigabyte movie in three seconds but also be priced at 2,299 euros ($2,607) when it goes on sale later this year, setting a new upper limit for consumer smartphones.
Samsung Electronics Co., Ltd. last week unveiled its own folding smartphone, priced at nearly $2,000, in a bid to top the technology of Apple Inc. and Chinese rivals and reignite consumer interest amid slumping sales.
Huawei, which is also the world's biggest producer of telecoms equipment, is under intense scrutiny in the West over U.S.-led allegations of enabling Chinese state espionage, accusations which the company denies. - Copyright Holder: REUTERS
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